Anyone looking for high quality, at the right price, can take advantage of Propy. The site issues PRO tokens, which can be used for accessing services on the Propy platform. The platform helps make real estate transactions easier. Conventional transactions are known for their complicated procedures and a high fee. Propy aims to eliminate these difficulties, using its platform. The promoters include software engineers, investment experts, financial experts, as well as people with experience in developing blockchain applications.
The platform supports the use of blockchain to facilitate title registry. It helps register titles so that they can be accessed anywhere. The decentralized registry is of particular use to people who want to look up international real estate titles. There are 1 million tokens of which 35% is in user circulation and an equal amount diverted toward funding operations, while 15% is held by promoters. The rest is to be used for donations.
The platform will be launching transaction tools around December 2017. The title will be available on a decentralized registry. This is expected to reduce paperwork and delays that are inherent with property transactions, particularly in terms of international transactions. If the initiative is successful, the platform will do away with most transaction paperwork and would attempt to persuade regulatory authority to recognize Propy transactions as the title deed. Since the blockchain is considered secure and resistant to tampering, Propy promoters hope this can be work in favor of the platform, when requesting authorities to recognize transactions on Propy, without paper records.
Real estate is one of the most popular investment instruments the world over. However, there are barriers to international investments. From fraud to lengthy paperwork, there are many reasons investors are hesitant when it comes to buying or selling property overseas. Propy aims to rectify the situation using the reliability of blockchain. At the same time, it aims to reduce risks, such s fraud. Fast transactions ensure that the property does not lose value over the course of time. Also, investors get to the transaction using digital currency, which is expected to reduce the fee. Also, there are rewards on transactions, which are P2P. This enables buyers and sellers to easily find the right property, communicate, and transact. In the process, they may earn rewards as well, and reduce risks and delay.
The benefits associated with trustless systems are expected to help regulatory authorities, as well as buyers and sellers, look favorably at the use of blockchain for property registration and transaction.
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